OPINION
Coronavirus: Corporate America should stop being China’s ‘useful idiots’
By Nels Frye
April 1, 2020 | 5:24pm
Photo
AP
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Remember when Chinese paramount leader Xi Jinping closed the doors to the Middle Kingdom to all foreigners, and America’s liberal opinionmakers erupted with accusations of racism and xenophobia?
Me neither, but it happened: No more foreign devils!
China banned foreign visitors entirely, effective 12:01 am Saturday. For now, the Western finance bros and consultant types who profited from business with the totalitarian regime can’t go kowtow at the Forbidden City. And maybe we should thank Xi, for taking the key step toward disentangling our economy from China’s.
For decades, the United States and other Western powers traded our industrial strength and technology for access to China’s burgeoning markets and cheap consumer goods. Wall Street and a few large firms enjoyed this arrangement, as did American princelings like Hunter Biden, who until October sat on the board of a Chinese fund whose shareholders include many Communist-state-owned enterprises.
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READ MORE: https://nypost.com/2020/04/01/corporate-america-should-stop-being-chinas-useful-idiots/
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A Communist Party official newspaper recently threatened that if China withheld medical supplies, America would “sink into the hell of a novel coronavirus epidemic.” Utterances like these aren’t made without approval from the top, even if the Beijing’s envoy in Washington sounds conciliatory. Many party officials and Chinese businesspeople have friendly feelings toward the US, but not the supreme leader, Xi, and the worse he treats America, the better he looks in the eyes of his nationalist subjects.
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We don’t know how long the ban on foreign entrants to China will last, but we do know the Sino-American rivalry is permanent and intractable. It’s time we acted like it. Our business elites might not get to enjoy the Peninsula Shanghai or Beijing St. Regis while they grovel before Commie officials, but it’s time to stop being useful idiots.
Nels Frye writes from Boston.
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THANK YOU, Nels Frye
THANK YOU, NEW YORK POST.
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